Well, 50 basis points in the end. The market was expecting a smaller reduction. The indices were pretty indecisive yesterday, but they're up today. It's still pretty early in the day. We'll see how the weekly candle closes on the $SPY.
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Well, I also expected only a 0.25% cut. The Fed should have done it long ago, but better than nothing.
I was also expecting a reduction of only 0.25%, but a 0.5% reduction is better, but it's still too late.
In the end by 0.5%, which I did not expect, but it is good and I believe that one more reduction will come.
Well, 50 basis points in the end. The market was expecting a smaller reduction. The indices were pretty indecisive yesterday, but they're up today. It's still pretty early in the day. We'll see how the weekly candle closes on the $SPY.